Estimate general liability premium from sales or payroll with separate premises/operations and products/completed operations rates.
How the general liability premium calculator works
General liability is usually rated on gross sales or payroll per $1,000, with separate rates for premises/operations and products/completed operations. Increased limits factors and schedule rating then adjust the basic-limits premium.
Add the increased limits factor if rates are for basic limits.
Apply any schedule credit and the minimum premium.
Worked example
$2,000,000 of sales at $1.35 prem/ops and $0.62 products per $1,000 gives $2,700 + $1,240 = $3,940.
Frequently asked questions
What is the exposure basis for general liability?
It depends on the class: many retail and manufacturing classes use gross sales, contractors often use payroll, and some classes use area, units or admissions.
Do I need both premises and products rates?
Most classes carry both. Some, like many office or service classes, include products in the premises rate.
Related calculators
Commercial Premium Calculator — Estimate a commercial insurance premium from exposure, rate, schedule rating, experience mod, minimum premium, fees and taxes.
Increased Limits Factor Calculator — Price higher liability limits from a basic-limits premium with increased limits factors (ILFs), and see the cost of each additional layer.
Rate Per Unit Calculator — Convert a premium into a rate per $100, per $1,000 or per unit of exposure and compare two quotes on the same basis.